PKO Investment Management Joint Stock Co Sells 75,000 Shares of Gold Fields Limited (NYSE:GFI)

PKO Investment Management Joint Stock Co trimmed its stake in shares of Gold Fields Limited (NYSE:GFI - Free Report) by 18.5% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 329,996 shares of the company's stock after selling 75,000 shares during the period. Gold Fields comprises about 0.8% of PKO Investment Management Joint Stock Co's holdings, making the stock its 27th biggest holding. PKO Investment Management Joint Stock Co's holdings in Gold Fields were worth $7,290,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also modified their holdings of GFI. GAMMA Investing LLC increased its position in Gold Fields by 21.0% in the 1st quarter. GAMMA Investing LLC now owns 3,742 shares of the company's stock worth $83,000 after purchasing an additional 649 shares during the last quarter. FCA Corp TX acquired a new position in Gold Fields in the 4th quarter worth about $108,000. Net Worth Advisory Group acquired a new position in Gold Fields in the 4th quarter worth about $136,000. Signaturefd LLC increased its position in Gold Fields by 19.1% in the 4th quarter. Signaturefd LLC now owns 10,304 shares of the company's stock worth $136,000 after purchasing an additional 1,656 shares during the last quarter. Finally, Public Employees Retirement System of Ohio acquired a new position in Gold Fields in the 4th quarter worth about $139,000. 24.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have weighed in on GFI. Wall Street Zen lowered Gold Fields from a "strong-buy" rating to a "buy" rating in a research report on Friday, May 30th. Scotiabank increased their price objective on Gold Fields from $20.00 to $23.00 and gave the company a "sector perform" rating in a report on Monday, April 14th. HSBC reissued a "hold" rating and set a $21.00 price objective on shares of Gold Fields in a report on Thursday, April 17th. Finally, Hsbc Global Res raised Gold Fields to a "hold" rating in a report on Thursday, April 17th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $18.56.

Gold Fields Stock Performance

NYSE:GFI traded up $0.24 during mid-day trading on Wednesday, hitting $24.53. 788,482 shares of the company's stock traded hands, compared to its average volume of 3,571,157. The firm has a 50 day moving average of $23.03 and a two-hundred day moving average of $19.36. Gold Fields Limited has a 12 month low of $12.98 and a 12 month high of $26.36. The firm has a market capitalization of $21.95 billion, a price-to-earnings ratio of 10.44, a price-to-earnings-growth ratio of 0.29 and a beta of 0.55. The company has a current ratio of 1.14, a quick ratio of 0.73 and a debt-to-equity ratio of 0.40.

Gold Fields Company Profile

Gold Fields Limited operates as a gold producer with reserves and resources in Chile, South Africa, Ghana, Canada, Australia, and Peru. It also explores for copper and silver deposits. The company was founded in 1887 and is based in Sandton, South Africa.